Hey investors, LYONDELLBASELL INDUSTRIES is in a fake bearish configuration with sell volume at the end of the session and bearish hammer candle has been forming. But this hides a bullish acceleration, she wants to make a reversal in a bullish acceleration gap see TIMEFRAME 1 min.
Strong possibility of breaking out the consolidation zone to go to the next high,...
P/E = 7.75
RoA = 12.51%
RSI (M) = 40 lowest
Div Yield = 5.66%
If all goes well, the target for the long term plus all the div collected will be at 114. (Long Term). About three years from now!
Good morning ladies and gents, LYB is showing Daily MacD Bearish Divergence at a critical area of resistance inside of two converging trend lines. It is a Rising wedge, although the best wedges are the ones with at least 5 touch points. Either way, it's still a range between two converging trend lines.
Entry Target for the Short is at $96-$96.50
Exit Targets are...
So I just opened a long position here on LYB based on fundamentals and long term technicals. From a fundamental perspective, the company has the second highest forward dividend yield of any S&P 500 materials company (5.76%), the second lowest trailing P/E ratio (7.65), and a reasonably low total debt to total asset ratio (65.15%). NASDAQ.com's earnings forecast...
Implied volatility is falling in this stock as it nears the more or less average price of around 86 per share over the previous 6 months. I think the price might stay in that range after it's recent moves over April and May. JUL19 75/80/90/95 Iron Condor is attractively priced, and is a better play than just the short Strangle or Straddle given the margin requirements.
Quite an eventful week for NYSE:LYB with some notable changes for investors to stew over. The CFO has announced his retirement, a dividend hike is implemented and a share repurchase programme of up to 10% of the company's shares. The company like all among the sector has really struggled of late to find any positive price action with the global trade issues and...
Time to give this another shot. Spy is moving higher. WILL LYB BREAKOUT?! We shall see.
Vertical Call bought for LYB May 17 EXP Strike 90/95 Price 2.85-0.95 = $190 for call spread.
LYB is about to break out of its range its been bouncing between this $84-90 range since Jan 4th.
It's about to break out. Price target is $96.
Call Option April 12th EXP, Strike $90.
Possibility of a false breakout. Contract will be sold if it reaches $88.
Otherwise aiming for target of $96.
Possible interference from the SPY as it may cancel the rally if...
I think this is the possible wave count. However, it seems to clean so I a bit worried since nothing's ever that straight forward in trading. Anyhow, I think there's an opportunity to enter a trade aiming at the completion of wave 5 at 2.6 fib level.
Price action has been stuck in a range. Waiting for strong momentum out of the range with good volume before entering a position. Its testing the upper-limits of the range now. Let's wait and see.
LYB - LyondellBasell
This is one of my dividend holdings that I picked up today (50 shares). I plan to hold this for at least a few years, adding to the position at supports.
This could be a harmonic bullish Gartley pattern forming. This stock is super solid and could pull off a bullish blast with no-problem. I would assume that it will not fulfill the pattern because it already trades at a discount relative to it's peers, but buying in down through the 90s would be amazing. When both aroons are heading through 50, this one may...
LYB is breaking out on a defending triangle. Macd looks good. OBV breaking out of a range. Nice depending triangle pattern with an upward breakout. The best part....3.5 RRR!
